Labour Landslide Leaves the Pound Unshaken
The UK’s general election just ended in a complete Labour takeover—treating it as the “expected” landslide that many were whispering about—and the pound? It held its ground like a calm on a stormy sea.
Exchange Rates at 10 pm Thursday Closing
- GBP/USD: 1.276 – static as ever.
- EUR/USD: 1.18 – no big move.
Thoughts from the Market Gurus
Chris Beauchamp (IG): “Exit polls lit up no FX volcanoes. Labour’s landslide was the headline they cooked up. Investors can now brag that UK political risk is off the radar for the time being.”
Investec Economics: “Labour’s majority is solid, yet the pound didn’t jump. What truly matters? The decisions the new government will make once it gets the keys to the cabinet.”
Rob Wood (Pantheon Macroeconomics): “If the final numbers match the exit poll, Starmer’s majority is enough to keep policy stable—think more business investment and a stir of foreign capital.”
Fawad Razaqzada (Forex.com): “The recent euro and stock rebound indicates investors are sure the National Rally won’t make a comeback.”
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